Examlex
Which of these management tools is used to correct and shape employee behavior to be consistent with an organization's rules and policies?
Initial Record
The first entry or documentation of a transaction or event in the accounting records.
Retail Inventory Method
An accounting method used to estimate the value of a store's merchandise by converting retail prices to cost prices.
Cost to Retail Ratio
A ratio used in inventory management that compares the cost of goods sold to the retail price of the goods.
Cost Flow
The manner in which costs move through a company’s accounts, typically following either a FIFO, LIFO, or weighted average approach in costing inventory.
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